The overall rate of inflation, as measured by the Colombo Consumer Price Index (CCPI) on Year-on-Year basis, has decreased to -4.2% in February 2025, compared to -4% in January 2025, according to the latest data released by the Department of Census and Statistics. Year-on-Year food inflation has increased to -0.2% in February 2025, compared to…
Reuters – U.S. President Donald Trump on Thursday said his proposed 25% tariffs on Mexican and Canadian goods will take effect on Tuesday, along with an extra 10% duty on Chinese imports because deadly drugs are still pouring into the U.S. from those countries. The fresh China tariffs, in addition to the 10% tariff levied on February 4, coincide…
Alliance Finance Company PLC (AFC), Sri Lanka’s oldest operating non-banking financial institution, marked a significant milestone with the issuance of its Green Bond on the Colombo Stock Exchange (CSE). The bell ringing ceremony, held on 27th February 2025 at the CSE Trading Floor, symbolized the company’s commitment to sustainable finance and responsible investment. The Listed,…
The responsibility of revitalizing both the economy and the fractured social fabric falls on everyone – President instructs the District Secretaries President Anura Kumara Dissanayake directed the District Secretaries to allocate Rs. 1,400 billion in recurrent expenditure for the implementation of productive projects at the grassroots level over the next eight months. The President made…
The Netherlands government is prepared to engage in port-related investments in Sri Lanka. This was revealed by the Ambassador of Netherlands to Sri Lanka, H. E. Bonnie Horbach during a meeting held Yesterday (27) at the Presidential Secretariat between President Anura Kumara Dissanayake. Discussions during the meeting focused on strengthening the longstanding mutual relations between…
The SLT Group reported a massive turnaround in profitability as of December 2024, driven by strong operational performance and successful cost optimization across fixed and mobile segments, with momentum accelerating steadily during the year. The Group recorded a Profit after Tax (PAT) of Rs. 3.1 billion for 2024, compared to a loss of Rs. 3.9…
The National Intellectual Property Office (NIPO), under the patronage of the Ministry of Trade, Commerce, Food Security, and Co-operative Development, officially opened the Local Geographical Indications (GI) Registry, a landmark initiative to safeguard Sri Lanka’s unique local products and enhance their global marketability. The registry, formally declared open on 27 February 2025, marks a significant…
President Disanayake Meets Japanese Ambassador to Discuss Bilateral Cooperation President Anura Kumara Disanayake met with Ambassador of Japan to Sri Lanka, H. E. Mr. Akio ISOMATA, this morning (27) at the Presidential Secretariat. During the meeting, the Ambassador officially invited President Disanayake to visit Japan and expressed appreciation for the new government’s policy framework. The…
The Centre for Poverty Analysis (CEPA) is pleased to announce the appointment of Dr. Indrajit Coomaraswamy alongside Dr. Herath Gunatilake and Dr. Ganeshan Wignaraja as Senior Advisors. These appointments bring a wealth of expertise to CEPA, reinforcing its commitment to evidence-based policy research and sustainable development in Sri Lanka. Dr. Coomaraswamy, a highly respected economist…
The Sri Lanka–Pakistan Business Council (SLPBC) of The Ceylon Chamber of Commerce successfully hosted a B2B meeting with a pharmaceutical business delegation from Pakistan on February 19, 2025, at Hilton Colombo Residencies. The delegation comprised 16 leading pharmaceutical companies from Pakistan, along with key state sector institutions, including the Export Development Board (EDB), Board of…
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